Understanding Medicare Enrollment Periods: Your Guide to Choosing the Right Plan
Navigating Medicare can feel overwhelming, especially when it comes to knowing when and how to enroll in or change your coverage plan. At Lourie Life & Health, we’re here to help simplify the process for you!
Key Medicare Enrollment Periods
- Annual Enrollment Period (AEP): The AEP runs from October 15 to December 7 each year. This is the time when you can review and make changes to your Medicare coverage for the upcoming year, so you can plan to get the coverage you deserve.
- Open Enrollment Period (OEP): The OEP runs from January 1 to March 31 and is also available to people who are already enrolled in a Medicare Advantage Plan. You can decide to switch between Medicare Advantage plans or return to Original Medicare.
- Special Enrollment Period (SEP): If you have special circumstances, such as moving or losing employer coverage, you might qualify for a Special Enrollment Period (SEP). This allows you to make changes to your Medicare plan outside the usual enrollment windows.
Why Does It Matter?
Understanding these enrollment periods is essential to making sure you don’t miss your chance to get the right coverage. If you miss a deadline, you may have to wait until the next enrollment period or face penalties.
Let Us Help You Navigate Medicare
At Lourie Life & Health, we’re committed to helping you make informed decisions about your Medicare coverage. Call us today at (803) 256-2067 to speak with one of our Medicare Account Managers and get personalized assistance with your options.
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